RTTNews | Jan 11, 2022 12:56PM EST

12:55 Tuesday, January 11, 2022 (RTTNews.com) - New York-based tech company, International Business Machines Corporation (IBM), is trading 4% lower on Tuesday after UBS analysts rating the stock at "sell".

David Vogt, an analyst with UBS, has degraded the stock to sell from its previous position at "Neutral" and have projected that the shares will be "vulnerable" for the next 12 months. The analyst has revised the target price for the stock to $124 from $136.

The stock is currently trading at $130.98, down $4.05 or 3.00% since the previous close at $135.03. The stock opened at $130.52 in the morning. In the 52-week period, the stock has ranged between $112.20 and $146.12 per share.

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